ZapperZ's and Philaduckia's Blog on everything Disney. We are Disney Vacation Club members, Walt Disney World Annual Passholders, and Disney Pin collector. All of them make for a very lethal combination! :)

Under the proposal signed this week, Burbank, Calif.-based Disney would take a 43% equity stake in Shanghai Disneyland while a joint-venture holding company owned by the local government would own 57%, according to a person familiar with the terms. The first phase, about 1.5 square kilometers, would include a theme park, plus a hotel and shopping development, at a cost of up to 24.48 billion yuan, or $3.59 billion, built over six years. A mostly rural site near Shanghai's Pudong International Airport has been designated for the project.

There's a lot of hurdles here to jump over. And it remains to be seen if they have learned from the debacle at Hong Kong Disneyland.